Crude Oil Approaches End of Elliott Wave PatternAbove, is the video review for Crude Oil.
Taking a look at the longer perspective, a multi-year ending diagonal pattern is nearing its end.
The weekly chart for TVC:USOIL suggests the decline is wave 5 of a 5-wave diagonal. The 61% Fibonacci retracement level sits near $49. We're anticipating a bullish reversal between current prices and $49 to carry up to new all-time highs over the coming years.
Looking at a clusters of wave relationships and market geometry, I'd like to see Crude Oil reach the yellow box and punch new lows, but it doesn't have to.
If prices fall further, then the 61% Fib level at $49 may provide support.
Trade ideas
USOIL: Pullback within the correction on the 4h timeframeTo better understand my current outlook on USOIL, please refer to my previous higher-timeframe and fundamental analyses:
* Trend: assessed using at least three trend indicators, with market structure as the primary guide.
** Weak or Reversal Signals: Assessed based on one of our criteria for trend reversal signals.
*** Support/Resistance: Selected from multiple factors – static (Swing High, Swing Low, etc.), dynamic (EMA, MA, etc.), psychological (Fibonacci, RSI, etc.) – and determined based on the trader’s discretion.
**** Our advice takes into account all factors, including both fundamental and technical analysis. It is not intended as a profit target. We hope it can serve as a reference to help you trade more effectively. This advice is for informational purposes only and we assume no responsibility for any trading results based on it.
George Vann @ ZuperView
USOIL Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance )
Risk Disclaimer:
Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in this analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
USOIL Oil prices are heavily influenced by supply/demand dynamics, geopolitical tensions, OPEC production policies, economic growth indicators, and inventory data.
Trading Tips:
Monitor OPEC announcements, especially decisions on quotas and production cuts.
Watch for geopolitical events in oil-producing regions like Iran, Venezuela, and the Middle East.
Keep an eye on US crude inventory reports, dollar strength, and macroeconomic data affecting demand.
Head of OPEC: Haitham Al-Ghais, Kuwait.
USOIL MARKET STRUCTURE .
WATCH KEY DEMAND FLOOR 55.932-55.899
BREAK AND CLOSE NEXT WATCH WILL BE 50.499-50.78$
WEEKLY SUPPORT ON DEMAND WILL BE 44.7%-45$ ZONE
KEY RSISTANCE 66.219-65.567
layer by layer ...we are looking at oil sell position and i will communicate soon on any potential position.
GOODLUCK
#OIL #USOIL #USD #DOLLAR #US1OY #DXY
WTI Crude Nears Yearly LowsOver the past three trading sessions, WTI crude has fallen by more than 3.5%, as bearish sentiment has regained control of the market. Uncertainty over global oil demand has heightened investor caution, particularly amid the escalation of trade tensions between the United States and China, which has reignited fears of a slowdown in global trade. This scenario could directly impact the consumption of energy products such as oil, leading to a further decline in demand in the short term. As this atmosphere of concern persists, selling pressure is likely to continue strengthening in the coming sessions.
Strong Bearish Bias
Persistent selling pressure has reinforced the downward trendline that has remained in place throughout 2025, with no significant bullish corrections indicating a potential structural shift in market strength in the short term. As a result, the bearish bias continues to dominate, consolidating the market’s downward trajectory. As the price approaches key support levels, it will be crucial to determine whether current selling pressure remains a decisive force in upcoming price movements.
RSI
The RSI line continues to fall below the neutral 50 level, signaling that bearish momentum remains dominant on average over the past 14 sessions. However, it’s worth noting that the price is approaching a key support area, while the RSI nears the 30 level, considered the oversold zone. This could suggest a potential imbalance in market forces and open the door to short-term technical rebounds in the sessions ahead.
MACD
The MACD histogram remains below the neutral line (0), confirming that the short-term moving averages continue to show bearish momentum. If this pattern persists, it could result in stronger selling pressure extending into the medium term.
Key Levels to Watch:
$66 – Major Resistance: Aligns with the 200-period moving average. A bullish move reaching this level could trigger a temporary buying bias and challenge the prevailing downtrend line.
$62 – Near-Term Resistance: Corresponds to the 50-period moving average. If the price stabilizes around this area, it could lead to a neutral sentiment and a period of sideways consolidation in the short term.
$57 – Critical Support: Represents the lowest price levels of the year for WTI. A break below this level could intensify bearish pressure, although it may also serve as a support barrier, allowing for short-term technical corrections to the upside.
Written by Julian Pineda, CFA – Market Analyst
WTI crude oil Wave Analysis – 17 October 2025
- WTI crude oil reversed from strong support level 56.00
- Likely to rise to resistance level 58.00
WTI crude oil recently reversed from the support area between the strong support level 56.00 (which reversed the price in April and May, as can be seen below) and the lower daily Bollinger Band.
This support area was further strengthened by the support trendline of the daily down channel from August.
Given the strength of the support level 56.00 and the oversold daily Stochastic, WTI crude oil can be expected to rise to the next resistance level 58.00.
The US-Oil will jump from the historic Support LevelHello Traders
In This Chart US-OIL HOURLY Forex Forecast By FOREX PLANET
today US-OIL analysis 👆
🟢This Chart includes_ (US-OIL market update)
🟢What is The Next Opportunity on US-OIL Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Crude Oil Outlook: Pressure Mounts as 2025 Lows Come Into ViewCrude oil prices are tracing another plunge back to yearly lows amid mounting oversupply, weak demand, and tariff concerns. New 2025 lows may be reached in the short-term horizon, aligning with the lower boundaries of a 3-year down trending channel
From a weekly time frame perspective, crude oil is facing the lower border of a three-year descending channel extending from the 2022 highs. The $55 support currently holds as the 2025 low, but a clean break below it could extend losses toward the $49 zone, aligning with the channel’s bottom boundary — a potential area of support. If this level fails, a deeper selloff could extend toward the $37 region.
On the upside, should prices recover above the $58 mark, a bullish rebound may extend toward $60, $63, and $66, respectively. However, for a sustainable bullish outlook on crude, a breakout above both the three-year downtrend and the $70 resistance is required.
Looking closely at the daily RSI, it is nearing oversold levels last seen in April 2025, suggesting that downside momentum could be approaching exhaustion.
In line with the recent movements of U.S. indices, will we see another dip-and-rebound scenario on crude oil — not identical, but perhaps reminiscent of April 2025?
- Written by Razan Hilal, CMT
Hellena | Oil (4H): SHORT to support area of 58.884Colleagues, it appears that the downward movement is not over and I see several reasons to continue to look short.
The higher order wave “C” is looking to complete the correction and I expect the start of the middle order wave “3” to see the low update and reach the support area at 58.884.
Fundamental context
Oil remains under pressure as supply increases and demand outlook weakens. OPEC+ decided to slightly raise output for November, while U.S. inventories keep growing. Crude lost about 8% last week, and EIA now expects lower prices by the end of the year — all of which supports the idea of a continued downside move within wave “3” toward the 58.884 support area.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
WTI Technical Forecast: Critical Juncture at Multi-Month SupportSPOTCRUDE (WTI) Technical Forecast: Critical Juncture at Multi-Month Support
Analysis as of 18th Oct 2025 (Close: 57.715)
Market Context: Crude oil sits at a pivotal technical level. Geopolitical tensions provide a bullish fundamental backdrop, but the technical picture shows a market at a make-or-break support zone.
Multi-Timeframe Analysis (Top-Down View)
Swing Bias (D1/4H): Bearish Below $59.00
The daily chart paints a concerning picture. Price is trapped below all key EMAs (50 & 200), confirming a bearish trend structure. We are testing a major Wyckoff Accumulation Zone and a potential Bearish Bat Harmonic pattern completion near $57.50. The RSI is in bearish territory but approaching oversold, hinting at potential for a relief rally.
Intraday Bias (1H/30M): Neutral to Cautious Bullish
The 4H and 1H charts show consolidation after a sharp decline. The Ichimoku Cloud is thick resistance overhead, while the Anchored VWAP from the recent high confirms strong selling pressure. A break above the $58.20 level is needed to signal any short-term strength.
Key Chart Patterns & Theories in Play
Elliott Wave: The decline from the highs appears to be a clear 5-wave impulse down, suggesting we are completing Wave 5. This often precedes a significant corrective (A-B-C) rally.
Gann Analysis: The Square of 9 identifies $57.50 as a major harmonic support level. A break below targets $56.00 next.
Head and Shoulders? A large-scale pattern on the weekly chart has met its minimum target. The current price action could be the final leg of this move.
Bull Trap Risk: A swift bounce to $58.50-$59.00 that fails could trap eager bulls before the next leg down.
Actionable Trade Setups
🟢 Swing Trade (Counter-Trend Long)
Entry: $57.40 - $57.70 (Confluence with Harmonic & Gann Support)
Stop Loss: $56.90
Take Profit 1: $59.00
Take Profit 2: $60.00
🔴 Swing Trade (Momentum Short)
Trigger: A decisive 4H close below $57.30.
Entry: On retest of $57.50 as resistance.
Stop Loss: $58.10
Take Profit: $56.00
⚫ Intraday Long (Bounce Play)
Trigger: Bullish reversal candle (e.g., Hammer/Bullish Engulfing) on the 1H chart at $57.50 support.
Entry: On trigger candle close.
Stop Loss: $57.20
Take Profit: $58.40
Key Levels
Resistance 3: $60.00 (Psychological / 50 EMA)
Resistance 2: $59.00 (Ichimoku Cloud Base)
Resistance 1: $58.20 - $58.50 (Immediate Supply Zone)
Support 1: $57.50 - $57.70 (CRITICAL SUPPORT)
Support 2: $56.90 (Breakdown Trigger)
Support 3: $56.00 (Next Gann Target)
Conclusion
WTI is at a critical inflection point. The high-probability play is a bounce from the $57.50 support for a swing towards $59.00. However, a break below this level would signal a resumption of the broader downtrend. Trade the breakout/breakdown with clear confirmation.
Risk Warning: Trading crude oil involves high risk due to volatility and leverage. This analysis is for educational purposes and does not constitute financial advice. Always manage your risk and conduct your own due diligence.
Crude Oil: Mainly Expected to Oscillate DownwardCrude oil has been in a continuous downward trend recently. Both the daily chart movement and the moving average system show a downward divergence pattern, and a new descending channel has been officially formed.
In terms of operation, we need to continue to follow the bearish trend. Today, we can take the opportunity of a rebound at the 58 level to set up short positions.
Special attention should be paid to the fact that crude oil is about to enter the contract delivery period. We need to focus on whether the delivery situation will disrupt the current trend. From the perspective of the current fundamentals and news, the long and short factors are clearly one-sided, and the overall situation still mainly depresses crude oil prices.
Sell 58.8 TP 58 - 55 SL 60.2
Daily-updated accurate signals are at your disposal. If you run into any problems while trading, these signals serve as a reliable reference—don’t hesitate to use them! I truly hope they bring you significant assistance
Oil stays pressured by a looming OPEC+ hike and US–China strainsOil stays pressured by a looming OPEC+ hike and U.S.–China strains
Fundamental Analysis
1. Oil prices remain under pressure from an upcoming OPEC+ production increase next month, even though they paused their decline over the past two days on news that India may stop buying Russian crude.
2. U.S.–China trade tension, especially tariffs threats, export restrictions, and port charges on both sides are likely weighing on global demand.
3. India has not confirmed a halt to purchases yet, but reports say some refiners may reduce imports of Russian oil.
4. Markets are awaiting EIA data, which could indicate the price direction, after the API reported a large build in crude inventories and gasoline, while distillates fell.
Technical Analysis
5. USOIL keep falling, breaking below the previous low. Price move below diverging bearish EMAs, signaling strengthening bearish momentum, signalling for further declines.
6. If USOIL breaks below the previous low at 58.00, it could test the lowest level in four and a half years at 55.00 and potentially break lower.
7. However, price could first rebound to retest the 60.00 area before resuming the longer-term downtrend.
Analysis by: Krisada Yoonaisil, Financial Markets Strategist at Exness
OilPrice is trying to break out of a downtrend channel after forming a base around $56.5–$57.
Resistance: $58 (short-term), $59.8, and $63 (major).
Support: $56.5–$57 zone.
Volume shows buying interest near the lows — early sign of accumulation.
If price holds above $58, it could aim for $59.8–$63.
If it fails, a pullback toward $56.2–$55.5 is likely.
➡️ Bias: Mildly bullish if $57.8–$58 holds; otherwise, range-bound to bearish continuation.
The US-Oil will jump from the historic Support LevelHello Traders
In This Chart US-OIL HOURLY Forex Forecast By FOREX PLANET
today US-OIL analysis 👆
🟢This Chart includes_ (US-OIL market update)
🟢What is The Next Opportunity on US-OIL Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
USOIL towardws range 185-250 $Looking at long term chart we can see usoil is competing the descending cycle, 2nd wave (1st corrective) started from 130$ peak.
In my view the bottom could be 50.3$ area where I think bullish trend will resum and wave #3 will start to 1st target 185$ area.
Final targetpoint could be 250$ area
WTI Crude Oil – Buy SetupPrice is holding near intraday support after a strong sell-off. A potential short-term rebound could target the upper resistance zone.
Buy Entry: 57.45
Stop Loss: 57.25
Take Profit: 58.60
📈 Bias: Intraday Bullish Reversal
⚠️ Note: This analysis is for educational purposes only. Always confirm entries with your own strategy and manage risk accordingly.
#WTI #CrudeOil #XTIUSD #Scalping #TradingSetup #BuySignal